This column originally appeared on Real Money Pro on March 7.NEW YORK ( Real Money) -- For the bears, Germany's factory orders stumbled unexpectedly in January, dropping by -1.9% against expectations for a gain of +0.6%. Here is some more negative data on Europe from Zero Hedge. And Philadelphia Fed President Charles Plosser said that the benefits of quantitative easing are "meager" and outweighed by the potential costs of such aggressive policy easing. For the bulls, the administration and the Republicans are apparently talking nice to each other, and corporate and cash hoards are strengthening as the pace of secondary activity is quickening. I am usually reluctant to make short-term market forecasts because they are typically no better than a coin toss. But occasionally and briefly, I lose my sanity and deliver a ludicrous forecast. And I will today. Based on what I see, my ludicrous forecast is that Mr. Market will drop -- let's call it -0.5% to -1.0% -- today. I have increased my short exposure on a scale this morning.
Kass: The Good, the Bad and the Ludicrous
Mar 07, 2013 | 10:30 AM EST
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas